It's could be a mistake for someone to believe that, because you can ask it to elaborate on each point, and it will drill down with more specifics until the questions stop. It won't go in circles if the questions don't. It's limit is basically in the person's ability to know which followup questions to ask, their own understanding.Thanks for that. As often the case, a raft of generalized information that most people already know. AI not really bringing anything new outside of the promise of things being better. How can it bring anything new? All it is doing is reading existing material and regurgitating it.
It does include artificially imposed limits, like restrictions in the conversation about code breaking for passwords could be an example, violations of IP rules.
Is there anything anyone knows that wasn't learned from existing, regurgitated information? Put it to the test. If you know something it doesn't it may learn from you. Machine learning is AI. A person being dismissive is likely to be among the early victims.